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Participation in international environmental agreements: the role of timing and regulation


Reference:

Finus, M. and Rundshagen, B., 2006. Participation in international environmental agreements: the role of timing and regulation. Natural Resource Modeling, 19 (2), pp. 165-200.

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Official URL:

http://dx.doi.org/10.1111/j.1939-7445.2006.tb00179.x

Abstract

We analyze the formation of self-enforcing international environmental agreements under the assumption that countries announce their participation either simultaneously or sequentially. It is shown that a sequential formation process opens up possibilities for strategic behavior of countries that may lead to inferior outcomes in terms of global abatement and welfare. We then analyze whether and under which conditions a regulator like an international organization, even without enforcement power, can improve upon globally suboptimal outcomes through coordination and moderation, given that recommendations must be Pareto-improving to all parties.

Details

Item Type Articles
CreatorsFinus, M.and Rundshagen, B.
DOI10.1111/j.1939-7445.2006.tb00179.x
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code28405

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